mindmap flow of financial documents

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  • Created by: 13childt
  • Created on: 26-02-18 09:56
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  • 1.purchase order. buyer
    • flow of financial documents
    • states what the film intends to buy, it lists the quantity and agreed price
    • 2.delivery note. seller
      • when the goods are sent to the customer this lists what have been sent
      • 3.goods received note. buyer
        • stays in the business, this is used for stock taking and to keep track of what needs paying
        • 4.invoice. seller
          • this is a bill. suppliers usually give 30-60 days to pay
          • 5.credit note. seller
            • if the suppliers agrees that the order and invoice are wrong they will issue a credit note, to show they will refuse the customer
            • 6.statement. seller
              • this is send every month; it records all invoices issues and all payments received. if there are any unpaid bills
              • 7.remittance advice and cheque. buyer
                • this tells the supplier which is being paid, and is sent with payment(usually cheque)
                • 8.receipt. seller
                  • sent to show payment has been received

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